Molson Coors Brewing Co Class B (TAP)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,848,500 | 2,638,000 | 2,778,700 | 2,418,800 | 2,184,400 |
| Total current liabilities | US$ in thousands | 4,092,600 | 3,375,400 | 3,622,200 | 3,909,600 | 3,695,500 |
| Current ratio | 0.70 | 0.78 | 0.77 | 0.62 | 0.59 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,848,500K ÷ $4,092,600K
= 0.70
The current ratio of Molson Coors Beverage Company over the past five years has fluctuated between 0.59 and 0.78. The ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 suggests potential liquidity concerns as current liabilities exceed current assets.
In 2023, the current ratio decreased to 0.70 from 0.78 in 2022, indicating a slight deterioration in the company's short-term liquidity position. This decrease may suggest that Molson Coors may have faced challenges in maintaining a sufficient level of current assets to cover its current liabilities in the most recent period.
Overall, the trend in Molson Coors Beverage Company's current ratio shows some variability over the years, with fluctuations reflecting changes in its liquidity position. Further analysis of the company's current assets and liabilities is warranted to understand the underlying reasons for the fluctuations and assess the overall liquidity risk.
Peer comparison
Dec 31, 2023